Is BRC Inc (NYSE: BRCC) Proving The Doubters Wrong?

BRC Inc (BRCC) concluded trading on Thursday at a closing price of $5.59, with 4.93 million shares of worth about $27.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 90.78% during that period and on May 09, 2024 the price saw a gain of about 31.22%. Currently the company’s common shares owned by public are about 65.64M shares.

Stock saw a price change of 51.08% in past 5 days and over the past one month there was a price change of 24.22%. Year-to-date (YTD), BRCC shares are showing a performance of 53.99% which increased to 7.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.51 but also hit the highest price of $5.85 during that period. The average intraday trading volume for BRC Inc shares is 787.11K. The stock is currently trading 34.94% above its 20-day simple moving average (SMA20), while that difference is up 29.21% for SMA50 and it goes to 41.13% higher than SMA200.

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BRC Inc (NYSE: BRCC) currently have 65.64M outstanding shares and institutions hold larger chunk of about 59.01% of that.

The stock has a current market capitalization of $342.56M and its 3Y-monthly beta is at 1.03. It has posted earnings per share of -$0.19 in the same period. It has Quick Ratio of 0.51 while making debt-to-equity ratio of 6.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BRCC, volatility over the week remained 8.39% while standing at 5.32% over the month.

Analysts are in expectations that BRC Inc (BRCC) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is $0.06 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.11 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 102.31% while it is estimated to increase by 1872.24% in next year.

Coverage by Citigroup stated BRC Inc (BRCC) stock as a Neutral in their note to investors on August 02, 2022, suggesting a price target of $10 for the stock. Stock get a Hold rating from Deutsche Bank on March 31, 2022.

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